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Ferrari has held to its threat of quitting Formula 1 after 2020 if it doesn't like the direction of series owners Liberty Media. Photo by Motorsport Images-LAT

Report: Ferrari still not ready to commit to F1 beyond 2020

New leadership not yet comfortable with Liberty Media's vision of Formula 1's future

September 19, 2018

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Ferrari's new leadership is still a ways from agreeing to stay in Formula 1 beyond the 2020 season.

That is the view of Ferrari's current CEO Louis Camilleri.

The 63-year-old Camilleri took over the top spot on the team's pyramid following the death in July of Sergio Marchionne, who had warned that as Liberty Media looked to make technical, financial and governance changes for 2021, Ferrari's commitment was not guaranteed.

"Discussions are underway regarding the technical, financial and governance aspects," Camilleri told Italian media outlet La Gazzetta dello Sport. "We believe there is a basic consensus on the principal objectives that will define the future, but the precise vision as to how to get there is still quite far away."

"Progress has been made," Camilleri added, "but we are still far from an agreement that includes everything and can be signed by all the participants. I remain optimistic that an agreement will be reached in time, but I would like to add that as Ferrari, we continue to insist that it cannot be to the detriment of F1 remaining as the top technical competition in motorsport.

"There are obvious conflicts of interest. Liberty wants to make more money and the teams do too, so we are all waiting a bit."